EQT Credit, through its Mid-Market Credit investment strategy, is pleased to announce that it is the largest lender in a EUR 255 million second lien term loan financing solution to support Jacobs Holding AG’s (“Jacobs”) investment in Cognita (the “Company”).
Launched in 2004, Cognita is a leading global provider of private premium K-12 education services, currently comprising 72 schools in eight countries across Asia, Europe and Latin America. The Company employs 7,000 teaching and support staff, educating over 40,000 students across a diverse range of international, national and bilingual curricula.
Paul Johnson, Partner at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented:
“Cognita is strongly positioned as one of the largest K-12 platforms globally, with a diversified portfolio of high-quality schools that is well invested to support continued growth and has an outstanding management team with a strong performance track record. EQT Credit looks forward to supporting the Company in its future development.”
Nakul Sarin, Director at EQT Partners’ Credit team, Investment Advisor to EQT Mid-Market Credit, added: “EQT is proud to partner with Jacobs and Cognita for the third Mid-Market Credit investment in the education sector. We would like to thank EQT’s Industrial Advisors who, as senior executives in the European and Asian private school sectors, provided key support and insight to the EQT Credit deal team throughout the due diligence process.”
